Sterling & Wilson Renewable Energy Limited (SWREL), a leading global renewable EPC solutions provider, has announced a significant new contract win in the Indian solar energy sector. The company has received a Letter of Intent (LOI) for a Balance of System (BOS) EPC package worth approximately INR 415 crore from a prominent private Independent Power Producer (IPP) developer.

Project Details

The contract involves the development of a large-scale solar project in Rajasthan, India, with the following specifications:

• Capacity: 300 MW AC / 420 MWp DC Solar PV Project
• Additional Infrastructure: 220/33 kV Pooling Substation
• Contract Value: Approximately INR 415 crore (including O&M and taxes)

Strategic Significance

This new order marks a significant milestone for SWREL in the current fiscal year. Mr. Chandra Kishore Thakur, Global CEO of Sterling and Wilson Renewable Energy Group, commented on the achievement, stating, "We are excited to partner with a leading global renewable developer with huge growth plans in the domestic market and bag our first order from the Private IPP market this fiscal."

The CEO further emphasized the strategic importance of this contract, adding, "The order is a testament to our strong execution capabilities, and we continue to build on our gross order inflows which has exceeded INR 2,400 crore this year."

Company Overview

Sterling and Wilson Renewable Energy Limited has established itself as a major player in the renewable energy sector:

The company's total portfolio includes commissioned projects and those under various stages of construction. The O&M portfolio comprises solar power projects, including third-party constructed projects. SWREL operates across India, South-east Asia, Middle East, Africa, Europe, Australia, and the Americas.

The company specializes in providing end-to-end renewable engineering, procurement, and construction (EPC) solutions. Their expertise extends to utility-scale solar, floating solar, and hybrid & energy storage solutions.

This latest contract reinforces SWREL's position in the competitive renewable energy market and demonstrates the company's continued growth and ability to secure significant projects in the private sector. As India continues to expand its renewable energy capacity, companies like Sterling and Wilson Renewable Energy Limited are playing a crucial role in the country's transition to cleaner energy sources.

Sterling & Wilson Renewable Energy Limited (SWREL), a leading player in the renewable energy sector, has announced a significant milestone in its domestic operations. The company has emerged as the L1 bidder for a turnkey EPC (Engineering, Procurement, and Construction) package to develop a 245 MW AC grid-connected solar PV project in Gujarat. The contract, awarded by a Public Sector Undertaking (PSU) developer, marks a notable achievement for SWREL in the Indian renewable energy market.

Strong Order Inflows

Chandra Kishore Thakur, Global CEO of Sterling & Wilson Renewable Energy Group, expressed enthusiasm about the company's recent performance. He stated, "We are excited to continue to build our gross order inflows which has exceeded INR 2,000 crore this year. This further strengthens our position in the domestic market, which reaffirms our position as a trusted partner in renewable industry."

The CEO's statement underscores the company's growing footprint in the renewable energy sector, particularly in the domestic market. The substantial order inflow of over INR 2,000 crore demonstrates SWREL's strong market presence and its ability to secure large-scale projects.

Market Outlook

Thakur also provided insights into the overall renewable market conditions, noting, "The overall renewable market including domestic market continues to remain very buoyant, and ordering activity is beginning to gather pace which is likely to benefit EPC players going forward." This positive outlook suggests potential growth opportunities for SWREL and other players in the renewable energy EPC sector.

Company Profile

Sterling & Wilson Renewable Energy Limited has established itself as a global pure-play, end-to-end renewable EPC solutions provider. The company's impressive portfolio includes:

• A total portfolio of over 22.8 GWp, encompassing projects that are commissioned and under various stages of construction.
• An operation and maintenance (O&M) portfolio of 9.3 GWp solar power projects, including projects constructed by third parties.
• Presence in 28 countries across India, South-east Asia, Middle East, Africa, Europe, Australia, and the Americas.

SWREL's extensive experience and global presence position it well to capitalize on the growing demand for renewable energy solutions worldwide.

The latest contract win in Gujarat not only adds to SWREL's robust project pipeline but also reinforces its status as a key player in India's renewable energy landscape. As the country continues to push for greater adoption of clean energy, companies like Sterling & Wilson Renewable Energy Limited are poised to play a crucial role in shaping the future of the sector.